How to sell Bitcoin? If you have bought or received Bitcoin in other ways, you’re probably wondering how to change it to cash. Good news! It is rather easy as there are many different ways how you can go about it.
How to sell Bitcoin?
You can sell Bitcoins both online via exchanges and peer-to-peer platforms, and offline by meeting a buyer in person. You might also do so using a Bitcoin ATM. Besides, how to sell Bitcoin in different jurisdictions also depends on local regulations – be sure to check those beforehand!
The fees and BTC price will differ, as will the levels of security, privacy, and convenience.
Selling Bitcoins on an exchange
Most fiat-to-crypto exchanges require you to disclose your identity and pay a transaction fee. The exchange’s matching engine will take care of your sell order – you won’t need to deal with a buyer directly. Such exchanges include:
Using peer-to-peer platforms
Here you may also be required to verify your identity, and, unlike on an exchange, you need to find a buyer yourself. Platforms like Localbitcoins.com or Paxful can help you find a buyer and determine the most suitable method of payment.
These platforms can also help you find a buyer if you want to sell Bitcoins in person and get cash immediately.
However, be aware that the price one gets for Bitcoins when using this type of platform may be lower than, for example, on an exchange. At the same time, fees may also be smaller.
One of the signs of ruling class collapse is when they can no longer enforce the rules that maintain them as a ruling class. When the Romans started making exceptions to republican governance, it was a matter of time before someone simply decided the rules no longer applied to them. Perhaps the robot historians will consider Obama our Marius or Sulla. Maybe that person is in the near future. Either way, the rule of law is over and what comes next is the rule of men.
“Don’t piss down my back and tell me it’s raining.” Outlaw Josey Wales
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